Nokia Siemens axes services unit, placing 1,000 jobs at risk
December 6, 2012, 12:23 pm TWN
FRANKFURT -- Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said on Wednesday it plans to shut down its German networks services unit, putting 1,000 jobs at risk.
"Nokia Siemens Networks is planning to close its German unit Nokia Siemens Networks Services, a network infrastructure services provider in the area of traditional telecommunications ... by end-2013 at the latest. The closure will affect 1,000 employees at 16 sites in Germany," the company said in a statement.